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Evening star. [volume] (Washington, D.C.) 1854-1972, April 20, 1938, Image 18

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TO BEGIN MONDAY
Stock Exchange Offices Here
Will Open Hour Earlier
Until September 25.
Bv EDWARD C. STOXE.
Daylight saving time goes into effect I
in the Washington offires of New York
Stock Exchange firms next Monday,
the market opening at 9 o'clock in
stead of 10 until next fall. Notices !
are now being posted in the board
rooms announcing the earlier opening,
which means that the daily sessions
will close at 2 o'clock.
Daylight saving means more to the
brokerage district than to other ac
tivities in the Capital. Investment
firms, which have ticker news service
from New Ycrk, are also affected by
the change in time. The Washington
Stock Exchange, however, remains on
standard time, sessions being called
to order at 11:15 daily.
Banking hours remain unchanged,
although banking officials have to bear
in mind the change of time in the in
vestment markets. Orders for securi
ties have to be placed with brokers
well before 2 o'clock, if purchases are
to be made on the day they are re
quested.
Banks in the Capital also have to
take notice of the change in time at.
certain of the Federal Reserve banks,
when they are transferring funds by
telegraph. President Hugh Leach of
the Federal Reserve Bank of Rich
mond has sent to the banks in Wash
ington a schedule for the summer
season and also a list of the Federal
Reserve banks which will adopt day
light saving schedules.
The list includes Boston. New York.
Philadelphia. Atlanta and Chicago.
On Saturdays 10:30 is the time limit
on suth transactions except at Chicago
and Atlanta, when 11:30 will prevail,
until September 25.
Taggart Accountants' Speaker.
Herbert F. Taggart, professor of
eccountancv at the University of
Micingan, win bo
the guest speaker
at the April mov
ing of Washing
ton Chapter. Na
tional Assod.ra mi
of Cost Acr uir
ants, at the Ham
ilton Hotel tiiio
evening.
Frol. Taggart,
who is tempo
rarily connected
with the Bureau
of Foreign and
Domestic Com
merce. will speak
on establishing
li. F. Taggart.
cost surveys, a subject of particular ;
interest in the light rtf recent legis- .
lation bearing on trade practices.
Profits Called Recovery Key.
“There is one condition under which '
a Federal spending program might j
now contribute to bringing about a |
lasting business recovery," it was de
clared by the Economic Policy Com- j
mission of the American Bankers' As- j
sociation at the annual spring meet- j
ing of the Executive Council.
"That condition." the report said. j
“is the creation by the Federal Gov- *
ernment of co-operative relations be- i
tween itself and private enterprise J
that will create confidence in pros
pects for future profits.”
“The real issue of recovery that is •
now before the American peopie is that I
of exerting every effort to make sure i
that measures of temporary relief j
through P'ederal spending shall bo j
united with measures of permanent ,
relief through the encouragement of
private enterprise,” the report as- >
serted.
Auditors Plan Conclave Trip.
The auditors’ section of the District
Bankers Association will send a record i
delegation to the 6th annual Eastern
Regional Conference of Bank Auditors j
and Controllers, meeting in Philadel- j
phia Friday and Saturday. The list, j
as announced this noon, includes:
James D. Barrett and W. F. Orri- !
son. jr,, American Security & Trust
Co.; Harold \V. Denison and John E.
Monk, Bank of Commerce & Savings;
William B. Mehler. jr.. and J. S. Linge
bach. City Bank; Arthur J. Linn and
Millard S. Yeatman. Hamilton Na
tional; James C. Elgin, W. B. Hibbs & |
Co.: W. M. Harris and Laurence G. j
Grimes, Lincoln National: Louis K.
Lynne, Morris Plan Bank; Audley A. i
P. Savage, National Savings & Trust !
Co.: Raymond G. Marx. Riggs Na- j
tional; Gerald E. Keene, Second Na- ;
tional; Walter M. McCurdy and J.
Arthur Cromwell, Union Trust Co.; j
Harry L. Downey and W. M. Offutt, i
Washington Loan & Trust Co.; Lewis j
E. Thomas, Liberty National; also J. |
Forbes Campbell, Federal Deposit In- :
surance Cnrp.. and A. J. Walden, Na- ;
tional Cash Register Co.
Business Volume Improves.
The Lincoln Service Corp. of Wash- !
ington reports an increase in the vol- ]
ume of business done in the first quar- j
ter of this year of 8.3 per cent and a !
net earnings increase of 23.4 per cent j
over the same period in 1937.
The Morris Plan Bankers National j
Association will hold its 19th annual j
convention at the Greenbrier. White j
Sulphur Springs. W. Va.. on October j
10. 11 and 12, Executive Secretary Jo- !
srph E. Birnie announced here today, j
Sales of American Stores Co. for 1
March totaled $10,801,924, a decrease j
of 7.4 per cent from March, 1937. j
Sales for the first, quarter amounted !
to $27,865,720. a decrease of 7.5 per |
cent, from the first three months of
1937. February sales showed a de- j
crease of 3.9 per cent from a year ago. I
Virginia Bank Loans Grow.
Resources of the 320 insured com
mercial banks in the State of Vir
ginia totaled S634.616.000 on Decem
ber 31, 1937, according to a survey
made public by the Federal Deposit
Insurance Corp.
Deposits in the insured banks were
listed as S546.348,000. Demand de
posits amounted to $235,506,000 and
time deposits totaled $251,335,000,
each exclusive of interbank deposits.
Leans and discounts of the reporting
banks amounted to $268,985,000, a
gain of $21,918,000 over the December
31, 1936. total.
Heard in Financial District.
William D. Hoover, chairman of the
board of the National Savings & Trust
Co., has returned to Washington from
an Easter visit with relatives in West
Virginia.
Washington Railway & Electric 4s
sold on the Washington Stock Ex
change today at 108'-. a gain of a
point and a half since the last previous
sale. A $1,000 bond changed hands.
Washington Gas Light preferred
stock came out on the board at 98Vi,
off half a point. Othe1- bid and asked
prices were practically unchanged.
TRANSACTIONS ON THE NEW YORK STOCK EXCHANGE,
By Private Wire Direct to The Star.
2:30 p m.
Prev. 1038 Stock and Sales— Net
High. Low Dividend Rate. Add 00. High. Low. Close, chte.
36 30% Abraham & Straus 20s 32% 32% 32% +2%
10% ti% Adams Express 4 8% 8% 8% — %
23 16% Addressograph 1.40 2 20 19 19 -1
58% 40% Air Reduction tla). 8 45V* 44% 45 + %
13% 8% Alaska Jun t.60a)__ 7 10% 10 10%+%
1% % Alleghany - 7 1% 1% 1%
17% 6% Alleg $30 ww__ 2 8 7% 7% — %
17% 8 Alleg prior pf- 1 11 11 11 + %
21% 11% Alleghany Steel_ 3 16% 16 16 — %
9% 4% Allen Industries_ 1 6% 6% 6% — %
176%124 Allied Chem (6)_ 10 143 138% 141 -4
14% 8% Allied Mills _ 2 10% 10% 10%—%
9% 4% Allied Stores _ 16 6% 6% 614 - %
5313 38 Allied Strs pf (5)... 1 44% 44% 44% — %
51% 34% Allls-Chalm(.37%e) 30 41% 40% 41% — %
72% 57 Amerada (2) 6 64 63 64 - %
66 49 Am Ag Ch Del l.Sf.e 1 54% 54% 54% —1
15% 10 Am Bank Note 50e 4 12% 11% 11% —1
42% 23% Am Brake Shoe .25e 7 31% 29% 30% — %
91% 70% Am Can (4 1 7 85 82 83% -2%
27% 12% Am Car & Foundry. 7 18 17 18
17% 9% Am Ch&Cable ,25e.. 21 12% 11% 12% - V,
8% 4% Am Colortypa ' .. 1 6% 6% 6% - %
13% 9 Am Cornel Alcohol.. 3 10% 10% 10% — %
16% 8% Am Crys Sug 75e 2 11 10% 10%
4% 2% Am Encaustic Til _ 1 31,4 3% 314
4% 2% Am & Foreign Pwr. 1 3% 3% 3%
11% 5% Am For Pwr 2d pf . 4 7% 7 7 _
12 9% Am-Hawaiin SS< 1). 6 9% 9% 914 _ 7,
* * - Am Hide* Leather. 2 3 27h 27* — %
26 12 Am Hide&Leath pf 1 17% 17% 17% — %
37% 30% Am Home Prod 2 40 2 36% 36% 36% - %
7'« 4% Am International .. 1 6% 6% 6% — %
23% 12% Am Locomotive . 7 17% 16% 17x, + x
14% 10 Am Mach&Fy.tDe. 2 13 12% 13 '
5% 2%Am Mach & .Metals.. 1 3% 3% 3% - %
3S% 23 Am Metal (30 - 5 31% 30% 31% - %
20 Am News ( 25e) . 50s 24'« 24 24
3% Am Power* Light 11 4% 4% "4% + 1,
33 16% AmP&L $5pf .93'>4 k 3 21 20% 21 - 1
40', 1(* Am PAL $fi pf 1 %k 9 23% 22% 23% — I*
"% 9 Am Had * St .611 ... 47 12% 17% 12 + %
22% 13% Am Rolling Mill .. IS 17% 17 171, _ 7
-8 58 Am Roll M nf 4 RO . 4 70 67% 67% -2%
7!'.-’ 22% Am Shipbuldg (2) . 20s 26 25% 26 +*"%
5h-, 28% Am Sill * Ref 1.256. 63 3S% 36 ' 371, _p
fj:, 45% Am Snuff (3a) . 2 46 46 46 " - x|
‘-v’* Am Steel Fnun 2f»e. 32 21'y 20'i 2Pt — i,
•‘U 211 j Am Sugar Ref (2) _ 2 27 26'. 27
117% 101 % Am Sug Ref pf (7V- 1 107 107 107
*8% 12% Am So mat Tob( 1) . 1 17 17 17 _ 1..
149-, 111 Am Tel * Teles (9)' 14 12«x, ]25% 126% +1%
71 e8 Am Tobacco (R) 1 67 67 67 -3
73 5S% Am Tobacco 1 ft I (5) 4 69 68% 69 -1
7 w 2"% Am Type Founders. 4 ,ya 53 — 1
13'j 0 Am Water W orks _ 27 7' 2 7 73* 4_ , *
5% 3', Am Woolen - J 4'% 4U 4,,' _ u
0.1% 23% Am Woolen pf _ 3 30% 30% 3(ix„ _ x„
8', 4% Am Zinc Lead & Sm IS 6 5% 6
56% 21% Anaconda Cop 25» 1U 2X% 27% 2S% — 1
,s 10% Anchor Hock G i:.« 1 15% 15% jS% _ *!
121% 119 Arcli-I>an M pf (7) 10s 120 120 120 -lx,
H»o% 82 Armour (Del pf (7) 1 91% 91% 91% +l-x»
6 „ 3% Armouri 111) .. ]4 4% 4^ 41,
39 24% Armstrong (,2Re) 8 29% 28', 29 — *,
7', 5% Arnold Const .37%• 3 7% 7% '71, _. ,*
8 x 4 Asso Dry Goods 7 6% 6 6 - t'
42 22% Atch T&S F (2g> . 7 26% 25% 26% +1%
‘2 40% Atch T & S F pf (5) 1 42 42 4' —1
2;% 14 Atl Coast L l.RUg _. 6 16% ]5e. 16% -1
-4 1,% Atl Refining ( 11_ 5 21% 20% 21% +1.
9^x 5% Atlas Corn 1 80)_ 2 7% , % 7%
4% 2% Aviation Corp_ 33 4 3% 4 + *,
10% 5 Baldwin Locct_ 26 7', 7 7%
H'% 4 Balto*Ohio _ 5 5% 5% 3,' _ ,
15% 5% Ralto & Ohio pf- 4 7 6% 7*4- %
9 12% Barber Co ... lo 16% 15% 16% _ %
10 - o Barker Brothers_ 2 7% 7% 7%
16 . pi% Burnsdall 11 1 .. 32 13% 13% 13% 4. 1,.
12 * 9 Bayuk Cer !S%e 1 12 1" ]■’ — %
8 % 5 1 Bold-Hem .57'.e .. 4 6 . 6% 6%s-%
14 - 8 - Bendix Aviation ... 1! 11% n 11% T %
19 15 ; Beneficial Lm 4Re.. 2 17 17 17
- 40 Bethlehem Steel __ 111 ; 48% 47 4.-w
98;; 75 Beth Steel pf (7 i... 3 89 88 88 -2
28 lx f 'Igelow-Sanford__ 1 21 21 21 —T%
lo* 9% Black * Decker_ 1 12% 12% 12% —1
IT- lo Blow-Knox - 3 12* 11% li% _ x,
f a 20% Boeing Airplane ... 96 28% 26% 28% -1%
50 15% Bohn Alum & Br .. 3 2i 20', 20% — %
44% 40 Bnn A'hi iB) 1.25e. 100s 44%. 44% 44% _ x,
15 « 9% Bond Stores 20e ... 1 10% 10% 10% — 1.,
19% 15% Borden , 1 60)_ 14 16'", 16% 16%-%"
28’, 16% Borg-Warner _ 15 22% 20% 21% - %
4", 2 Boston* Maine_ 2 2% 2% 2%
10 4 5% Bridgeport Brass_ 5 7'% 7% 7s.
26% 12% Briggs Mfg .. 13 19 18% 18%
30', 20 Briggs & Strat ,7Se. 2 24% 24% 24%
U** 5% Bkl.vn-Man Transit 3 7% 7% “7%
37 16% Bklyn-Man T pf <61 3 22 22 22 - 14
21% 10% Kklvn Cnion Gas .. 1 13 13 13 + t,
9 1 5% Bui yrus-Erie _ 6 8 7 ,8
6% 3% Budd Mfg . H 4% 4', 4% - %
o4-x 2.. Budd Mfg pf- 50s 35 34 35 -4
a% 3 Budd Wheel _ 4 4% 4 4
20 13% Bullard Co 25e ... 1 16% 16% 16% - %
o_% ].->% Buloxa Watch (4) 3 21% 21% 21% —1%
9% 6% Burlington Milled) 1 8 ’ ~x s _
20% 14% Burr’s Add M She . 4 15% 15% 15% - %
8% 5% Butler Bros (.fin) .17 7 7
19 * 13 Byron Jackson R0«. 2 36% 16% 16% — %
IMP 154 Calif Pack (1.50a)_. 4 194 19', 19P + 4
2'2 l Callahan Zl.ic ... 27 ] 4 14 ji,
19 * 5', Calumet & Hecla... 13 7*« 74 7’, - t,
lop 94 Campbell U'y <1 > ... 4 114 n n»,
19 > 12VS Canada Dry G Ale.. 32 15', 141, 151.4. .4
8'* 5 Canadian Pacific . 24 fi», ' fii. «». * 1
4 v 2‘. Carriers & Gen 05e. 1 31* 31. 31 —
97'j 621- Case (J I) Co . 7 74*, 771. 731,-0 '
55p 294 Caterplll Trac ,50e_ 15 414 394 414+ 4
184 9 Celanese Corp _ 15 14 1;;*, 13.4 _ ,
254 124 Celotex Corp .. 1 I84 184 184 - 4
b2>; 4b Celotex Corp pf (5) 20s 54 53 54 4. 4
44 2 Centra! Foundry. _ 7 3 3 3
464 264 Cerro de Pasco(2e). 3 34 33 33 —2
44 Certain-teed 5 64 64 64
22'2 174. Certain teed pf 169s 25 244 25 -f 1
294 18", Champ Paper <S: F . 2 194 19'- T91.. - 4
384 234 Ches & Ohio 1 Sue.. II 27 264 264 - 4
14 4 Chi Great U n <r) . 1 4 4 " 4
14 84 Chi Mail Order 25e 1 104 104 104 — *,
1 s 4 Chi M StP& Ppfir) 2 14 14 14
14 4 Chi & Northwn (r)_ 3 1 1 1
12Ts 64 Chi Pneu Tool . 4 10 94 19 _ *,
24 14 C R 1 & P 7% pr (r) 2 I*, 1*, pi,
634 354 Chrysler Corp 105 454 434 454 +4
134 10 City lec & Fuel 40e 6 114 114 114— 4
674 59 City tee & F pf 6H 30s 65 65 65 - 4
34 2 Citv Stores I 24 24 24 —m.,
112 106 Clev El Ilia pf 414 80s 109 1074 109 +14
26'.. 154 Clev Graph Br(.25e) 1 I84 I84 I84
42 324 Climax Molb 30e 12 41 394 404 4. 4
154 10'.- Cluett Pabodv ,40e x 1 124 124 124 — 4
125 1054 Coca-Cola. (,5Ue) . 1 120 120 120 -2
llrs 7's Coleate-Palm-Pete. 9 84 84 gs, _ ,,
274 134 Collins & Aik 50e__ 1 204 204 204 — 1 "
20 94 Colo Fuel & Iron . 1 124 124 124 - 4
224 134 Columh B C( A 1 4n» 1 164 16*, 16*, -1
94 54 Columbia Gas & El. 30 ' 5s, 5*, 54
154 9 Colum Pic vtc OP. 3 11** 114 114
38*, 23 Cornel Credit (4)... 3 32 31*, 31*, — 4
444 314- Cornel Inv Tr M).._ 11 35', 344 354 -*,
1" 54 Cornel Solv < SO) ._ 4 7*. 74 74
2 1 Comwlth * South'n 22 14 14 14
25 Comw S-So pf 1.5(rk- 7 30 294 30 — 4
224 Comwltn Edts 1.25.. 5 23 4 23 4 234 - 4
74 34 Conde-Nast Pub — 1 64 64 64 - 4
244 15 Cnngoleiim N 25e_. 11 194 I84 194-14
104 4’, Conn Ry & Lt pf ._ 20s 7 7 7
1*4 11 Consol Aircraft _ 67 174 164 174 + 4
8 44 Consol Clear i.75e) 1 64 64 64 — 4
80 71 Cons Cer pr pf 6.50 300s 754 754 754
2~>'« li Consol Edis ( 50e) 47 19% 19 19%- %
66%. 88% Consol Edis pf (5).. 4 89% 89 89 — p,
1% 1 Consol Film _ 1 lv„ 1% p4 _ i.,,
5% 2% Consol Laundries... 9 3', 31, 3% — %
10% 7 Consol Oil ( 80 > . 36 9% 8% 8'« — %
7%. 2% Consol RR Cuba pf. 2 3% 3% 31; — t,
16 % 9% Contain Corp 1.20.. 13 12% 12% 12%-%
16% S'* Conti Baking (A)_ 9 12% 12 12%+ %
2% 1% Conti Baking <B)_ 4 p„ ps ps _ v<
45% 36% Conti Can (le) . 1 39 39 39 _ ,t
32 21% Conti Insur 11 60a). 6 26 25% 25% — %
1% 1 Conti Motor _ 1 pj, p, p. _ 14
34% 21% Conti Oil (Del) .25* 22 28 27% 28
06 40 Corn Exchange (!) x 10s 46 46 46 - %
65% 53 Corn Products (3) . 13 62% 62% 6°% + %
4% 2% Coty Inc . 2 3% 3% 3% + %
3(1 19 Crane Co __ 13 27% 26% 27% -*- %
98 85 Crane Co cv nf (5).. 1 93% 93% 93V, + %
25 21% Cream of Wh (le)_. 2 21% 24 24 + %
16% 5% Crosley Radio 1 71, 71,4 714 _ Vl
39% 22% Crown CorkAS 50e 3 28V, 27% 28% + %
37 29 Crown Ck pf\vw2.25 1 31 31 31
12% 7% Crown Zeller 60e . 4 91, 9v-4 914 — 44
41% 19% Crucible Steel- 12 26% 25% 26%-%
1% % Cuba Co (r)_ 1 », s,
13% 5% Cuba R R pf- 20s 6% 6% fl% - %
5% 3 Cuban-Am Sugar.„ 1 3% 3% 3a4 — v4
18% 12% Cudahy Packing_ 1 14% 14% 14% — %
7% 4s* Curtis Publishing.. 1 5% 5’* 5% — %
50% 39 Curtis Pub pf (2k). 2 43 42% 43 + %
5% 3% Curtiss- Wright . 102 5 4% 5 + %
18% 12% Curtiss-Wright(A). 56 19% 17% 19% +1%
167 102', Dayton PALpf 4.50. 20s 106 106 106 -%
25V* 17% Deere & Co 51 20% 19% 20% + %
25 19% Deere & Co pf (1.40) 1 21% 21% 21%-%
17% 7% Del & Hudson 3 9% 8% 9% + %
8% 4 Del Lark & Wester* 4 5% 5 5% + %
108 76 Dot Edison (3*) .... 1 90 90 90 -1
4% 3% Detroit A Mac 10s 3% 3% 3% - %
39% 25 Devoe A Ray (A) S 40s 30 29 29 -2
26% 20% Diamond Mtch 60e 2 24 23% 24 + %
9Vi 5 Dlamon T Mot (1) 1 7 7 7 + %
16 11 DIs Corp Seag 50* 4 13% 13% 13%-%
60% 46% Dome Mines 2* . 21 54 52% 54 +1%
46% 31 Douglas Aircraft . 154 43% 40% 43% +2%
112 87% Dow Chein (1.50e)_. 5 99', 99 99%-%
123% 90V, Du Pont de N 50e 50 102% 99% 102% -1
115% 109', Dupont de N pf 4.50 1 113% 113% 113% - %
7% 3% Eastern Roll Mills 2 5 5 5
167 121% Eastman Kod 3 50e. 17 150 147% 149 —1%
169 157 Eastman Ko pf (6). 40s 171 171 171 +2
21% 10% Eaton Mfg (.26e)__. 2 14% 14% 14*4-%
4% 2 Eitingon Schlld .. 1 2% 2% 2% - %
21% 13% El Auto Lite (.25*). 6 16% 16% 16%-%
10% 6 Elec Boat <.60g).__ 82 8% 7% 8% + H
13% 6% £1*0 Pwr * Light.. 29 8% 7% 8 ♦ 10
1
2:30 p.m.
Prev. 1938 Stock and Sales— Net
Hikh. Low. Dividend Rate. Add 00. Hikh. Low. Close, ehie.
40 18 Eleo Pwr & L.t *6 pf 1 24% 24% 24%+ %
43 22% Elec Pwr& Lt pf... 5 28% 27 28%+ %
1% % Elk Horn Coal -.1111
22% 17 El Paso Nat G (2)-. 2 21% 2H1 21% + %
6% 2% En« Public Service. 4 3% 3% 3%
49% 88% Eng Pub Svc pf (5). 2 42% 42 42 — %
2% 1% Equit Office Build's 2 2 1% 1% —. %
6% 2 Erie R R _ 5 2% 2% 2% — %
9% 2% Erie 1st pf_ 2 4 3% 3% — V*
5% 2% Eureka Vacuum Cl. 14 4 4
10% 5% Evans Products _ 5 7% 7% 7%
13% 8 Ex-Cello Corp ,20e-. 45 12% 11% 12% + %
2 % Fairbanks Co _110s 1% 1% 1% + %
11% 3% Fairbanks po pf_ 10s 6 6 6 — %
33% 19% Fairhanks-M M)_ 7 24% 24 24% — %
75 52% Fed Min & Smltg-.. 1 58 58 58 44%
4% 2% Federal Motor_«- 1 2% 2% 2% — %
4% 1% Federal Screw __ 3 2% 2% 2% — %
18% 12% Fed Dept Strs ,50e_. 1 15% 15% 15% - %
79 67% Fed Dept S pf 4.25.. 2 71 70 70 -1%
33% 22% Fid Phoenix 1 60a_. 2 26 25% 25% - 1
25% 16V* Firestone ( 75e) ... 2 18% 18% 18% — %
34% 24% First Nat Sts 1.25e„ 1 27% 27% 27%—%
18% 10% Flintkote (lg) . 30 15% 14% 15% - %
3 1% Follansbee Bros(r). 1 2 2 2 — %
33% 18 Food Mach (,25e) 1 24% 24% 24% - %
96 85 Food Mach pf (4.50) 30s 93% 93% 93%+ %
20% 11 Foster Wheeler_ 5 14*t 14% 14% 4 %
5% 2% Francisco Sugar . 1 3 3 3 — %
40% 25 Franklin Simon pf,. 20a 30 29 29 -1
28 19% Freeport Sulph (2). 10 25% 25 25% - %
2'i 1H Gabriel (A) _ 1 l'a l'i 1',. - 1,
5 2H Gair (Robert) _ 1 3'i S', 3', — t*
16 10 Galr (Robert) pf... 1 Ip, ip, IP, -1*,
7' a 4t» Gar Wood Indust __ 1 5'a 5'a 5‘a — i,
7', 4', Gen Am Investment 10 5", 5', 5V, — ra
45'a 29 Gen AmTrans3.50g. 2 34 33>a 34 — 4
13 5** Gen Cable _ 24 84 8', 8",
257, 11 Gen Cable (A)_ 1 17 17 17 - 7,
72 35 Gen Cable pf _ 1 44 44 41 _l
120P 108', Gen Cigar pf (7) _ 20s lid", 114*, 114", -t- *,
451 a 27', Gen Electric (,30e). 91 34'-, 327» 337, - >.
33', 22:« Gen Foods <2 ) _ 4 26", 261, 2fi 1 + >,
38', 254 Gen Motors ( 25e) 1"2 32'i 31', 32'a
116', 112 Gen Motors pf (5).. 4 1124 112', 112>, —
5', 4 Gen Outdoor Adv 2 5H 5", 5'-, + l,
26'2 12", Ceil R.v Sig t.f>"e)._ '2 18', 17'. IK', + •%
2 1 Gen Realty & Util.. 4 1", 1", 1",
28 15', Gen Refractories... fi 21, 21 21 — '2
28'* 13 Gen Steel Oast pf . 590s 1!) 13 1!) — 4
14 8' j Gen Theat Eq .25e . 3 11 111', 11 — ',
144 9', Gen Tire & Rubber. 3 11 10", 11
IP, 7", Gillette Saf Ft 25e . (1 9 S', S', — ',
61 51 Gillette Saf R pf (5) 2 57 57 57 -1
9", 5 (Umbel Bros_ S 7'i 7 7', — ',
27' 1 13 OlicldenCo _ 6 18", 18 1x4- ',
37, 2', Goebel Brew 20_ 2 3', 3', 3', — ',
19', 1(1 Goodrich (BE)_ 14 14', 13*, 14', — ',
57' 2 35 Goodrich pf (a) . 1 44', 44', 4t'»—27,
24 15', Goodyear Tlre( 25e) 27 19'a is", 194
89 72 Goodyear pf (A) _ 1 77 77 77 —p. j
4', 2", Gotham Silk Ho*_ 4 3", 3** 3*, —
2 ", Graham-Patge_ 3c 1 1 1
6’a 2'a Granby Consol _ 4 37« 3"i 37, + 1,
27", 19 Grant (WT) 1.20e . 9 22", 21". 21", - ",
23 20 Grant ( WT I pf (1). 2 21’« 21 21'»
26', 12", Great Northern pf . 12 15', 11", 15 4. '.,
15'2 9', Grt Nor Ore ct 75e 3 IP, 11", 11", — 1,
32 23'a Great Wn Sug 2.40a 1 26'. 26'2 264
11', 7", Greyhound ( 80) .. 35 9'j 9', 9 .. +
8", 7'a Greyhound pf 65) 4 S'. 84 S', m 1,
1", 7, Guantanamo Sugar 6 p, l'« p,
28 12 Guantanamo pf . 10s 217, IP, 21',+ 7l
25 15 Harb-Walker ,50e . 7 204 20 20',- 1,
77, 5'a Meeker Prod ( 60)_. 6 6', 6', 6', — 1,
17 ]() Hercules Motor _ 1 IK 11 11 — 4
58 42", Hercules Pow 4<'e.. 6 44 45', 434 — p,
26", 17 Holland Furn (1 e)_ 1 4 26 25 257, — 1,
25', 14 Holly Sugar 2 25e _ 1 16', 16', 16',
65", 48', Homestake Mtn 4 >4 27 57'. 56", 57'... +l»,
25 17'a Houd-Her (A) 2*6 .. 1 3M1 204 2"'
11', 6 Houd-Hershcy (B). 6 S', 7 , 74 — ",
8', 5 Houston Oil _ 5 6 , 6", 6', — 1,
53", 23'.. Howe Sound (3) 2 34'.• 33', 34'..
28", 20", Hudson Bay (P75g) s 26', 26 26 *
74 3 Hudson fc Man pf._ 4 3', 3', 3', — ps,
10 5 Hudson Motor__. 6 7+ 6", 6", — !.•
H, ", Hupp Motor _ 9 1 4 4
12', 6', Illinois Central _ 5 77, 7'-* 7', — *,
22 14", Industrial Rayon .. 7 16'.. 16 I64 — 4
86 60 Ingersoll Rd< 1.5('e) 5 77'a 77 77 — 4
7s'* 57'2 Inland Steel (4 ) 7 65 637, 63', -2',
15", 7', Inspiration Copper. 72 IP, 11 IP, + ',
4’2 3", Insuransh ct (.20).. 4 4 31, 34 — 4
6", 27, Interboro R T ir) . 1 I7.", 3", 3", + 1,
25 15 Inrerchemiral Corp 3 18 17<, is — 4
4", 2 Intercontl Rubber.. 1 3 3 3 — ij
134 6 , Interlake Iron __ 21 94 9 94
34 2 Inti Agricultural .. 3 24 24 24
1544 130 Inti Bus Mach (6a). 2 1414 14" 1114 -44
To 504 Inti Harvest (2 50) 32 604 574 594 -2
“4 34 Int) Hydro-Eleci A) 22 44 44 44
114 64 Inti Mining ( lfiei . 4 84 84 8s, — 4.
524 364 Inti Nick Can 5"e . 127 464 454 46',— 4
94 44 Inti Paper <fc Pwr 29 64 64 64
594 184 Inti Paper& Pwr pf _ 30 26 , 254 264 —
6 24 Inti Ry Cent Am _ 30* 4 4 4 + 4
484, 28>, Inti RCA pf 1.25k. 10s 324 324 324-1
684 464 Inti Silver pf (2k).. 10* 56 56 56 46
84 54 Inti Tel & Teles 74 8 7', 8
84 6 Inti Tel * Tel for ct 5 84 74 8,4- 4
134 64 Interstate Dept Str 4 84 84 84 — 4
75 63 Interst Dept pf (7). 30s 694 694 694 4-1
12 8 Intertype ( StOgi _ 1 9 9 0 — 4
24 174 Island Creek C .50e_ 1 20', 204 204 4- 4
534 4 44 Jewel Tea (4) _ 1 48 48 48 — ",
86 58 Johns-Manville . 19 664 614 66 — 4
1254 122 Johns-Manv pf (7). 140s 1254 125 125 - 4.
78 494 Jones & Laugh pf _ 80s 56 54 54 —24
1194 118 KCP&L 1st pf B(6) 10s 1194 1194 1194
20 12 Kan City Southn pf' 1 164 164 164 — 4
94 44 Kelsey-Hayes (A). 1 64 64, 64 — 4
64 3 Kelsey-Hayes (B).. 2 44 44 44 — 4
434 264 Kennecott ( 25e) __ 76 334 32-4 33",
IS". 154 Kresge (SS) .30e . 5 164 I64 164 - 4
174 12", Kroger Groc (1 60). 1 144 144 144 -
30 15 Laclede Gas pf .. 10s I64 164 164 -14
124 84 Lambert Co t.73e).. 1 104 104 11!4 — 4.
19 1 134 Leli Port Cmt ..'fie . 1 18 18 18
14 4 Lehigh Valley Coal. 1 4 4 ", — 4
54 14 Leliigh Val Coal pf. 2 24 24 24
6", 3 Lehigh Valley R it. 64 4 4—4
2S4 19", Lehman Corp (1 )... 4 24 234 24 —1
11 64 Lehn & Fink 30e_ 1 9 9 9 — 4
274 19", Lerner Stores (2) 1 2 i 23 23 — 4
42 234 Libby-O'v-Kd 50e). 21 30 28 294 — ",
274 25 Life Savers (1.60).. 2 27 27 27
100 81 Ligg & Myers (4a). 5 924 91 91
1024- 814 Ligg & Myers(B)4a 11 934 93', 93", — 4
424 29 Link Belt (.75e) . 3 394 39 394 - V,
20 124 Liquid Carbon 6"e. 2 16', 164 164 — ",
524 33 Loew’s. Inc <.50e)__ 6 404 39 404 + ",
1", ", Loft, Inc _. ._ 3 1>, 14 I', 4- 4
40', 26 Lone Star Cem (3). 5 364 364 36',— 4
4", 24 Long-Bel! (A) _ 2 34 34 34 — 4
21 144 Loose-Wiles L55e). 1 154 15", 15", — '*
IS 13", Lorillard (1.20) . 8 16 15", 15", - ",
17', 124 Louis G&E All.50). 1 144 144 144 -4
56', 304 Lou & Nash 2.50e .. 1 294 29", 294 - 4
45', 354 McIntyre Pore (2).. 2 39", 39", 394 + '4
264 14 McKeesport Tin ... 1 16', 164 16', — 4
84 54 McKesson & Rob .. 10 6", 6", 64.
84 5 McLellan Strs .40e. 5 64 64 6", — 4
24", 16 Mack Truck (1) .. 3 194 194 194 - 4
32". 244 Macy (RH) Co (2) 4 294 29", 294 -4
134 19 Madison Sq Gar ,20« 2 12 12 12 + ",
30', 184 Magma Cop (.35e) . 1 25 25 25 -24
2 ", Manati Sugar new . 5 1", 14 14
74 5 Marine Midland .40. 4' 54 54 54 - 4
21’, 14', Martin (Olen)_ 261 22", 20', 22", +2 ,
44 2'a Martin-Parrv ... 1 24 24 24 - 4
374 25 Masonite Corp (1).. 1 31 31 31 - ",
274 194 Mathieson Aik 1.50. 2 234 234 234 —4
64 34 Maytag Co_ 3 4", 4", 4",
15 S’, Mead Corp_ 2 104 10 10 - 4
5', 34 Mengel Co_ 5 44 4", 4", — 4
114 54 Miami Copper _ 6 8", 84 8",
22", 124 Mid-Cont ret .25e . 4 17", 17 174-4
274 16 Midld Stl Prod .50e. 1 194 19", 19", -1",
1014 76 Midl’d Stl 1st pf (S) 10s 90 90 00 +2
67 464 Minn-Hon R .125e _ 4 614 604 614 - ",
107 100 Minn Hon pf B (4). 10s 106 106 106 -1
74 4 Minn-Moline Imp... 5 54 5", 54— ',
171. 11 Mission Corp _ 3 13"» 13 13 -1",
3", 1'4 Mo Kan & Texas ... 9 2 2 2 - *4
ll's 4** Mo Kan & Texas pf. 2 6', 6 6'4 — '»
3", i'-i Mo Pacific pf (r) .. 6 1", l'i IN - (,
17 10 Mohawk Carp ,25e.. 1 13'* 13'* 13'*
91'i 6814 MonsantoCh (2) .. 11 71 69'* 70'; - »,
37'* 25 MontRom Ward le 43 32** 31'* 32'< + ' .
39', 25 Morris* Ess 3.7*(4 30s 28 27'* 27'* -4'*
21*« 10'* Motor Products _ 1 147, 147« 147, —
14 8 Motor WTieel(.20e). 1 ION 10', ]0'4 — t*
21 ‘i 11'4 Mueller Brass .... 3 14", 14V, 14',.+ ';
7*< 4 Mullins MfR (B)_ 1 5'* 5'4 5V* — i;
67 34*i Murphy (GC) (4)__. 1 427, 427, 427, - ",
7*4 4 Murray Corp ... 1 5** 5*4 6"* — V,
12'* 6*4 Nash-Kelv (,125e).. 13 8'* 8", 87* -
15Vt 7'* Nash Chat* StL— 90s 8N 8 8(4-14
13(4 8'4 Natl Acme - 1 9N 9", 9** -1
10*4 6 Natl Aviation ... 16 8", 7", 8", + *4
201, 15(4 Natl Biscuit (,80e).. 3 19'* 19'* 19', - (4
157 160 Natl Biscuit pf (7). 1 152 152 152 -1
17*4 10(4 Natl Bd & Inv 1.44.. 1 1314 13(4 l.T'iJ-lV*
43 37'/* Natl Bond&Sh ,50e.. 1 39N 39V, 39', +1",
1814 12'* Natl Cash Reg .50#. 1 1574 1 514 157, — t,
15*4 11(4 Natl Dairy (1.20)— 16 13'* 13(4 13'* - (,
7*4 3'* Natl Dept Stores_ 3 5'* 51* S'* — ';
23', 17(4 Natl Distillers (2).. 5 19** 19', 19** - N
7** 5 Natl Gypsum_ 21 7 6*4 7 — »4
29*4 17(4 Natl Lead (.60) . 9 22 21(4 2174 - (,
136 130*4 Natl Lead pf B («). 10s 134 134 134 +1
8*. 5 Natl Pwr & Lt ( «0) 4 614 6 6
62** 44** Natl Steel < 25e).._ 8 51*, 51 61 -1
23 141, Natl Supply ... 10 18 17'/* 18 - '*
29(4 21 Natl Supply *2 pf . 1 25(4 25V* 2514 — "*
7914 63 Natl Sup pr pf (5(4) 2 70 69'* 69'*— >4
19(4 9(4 Newport Indus 19 13*4 13 13'*— (4
19(4 10 N Y Central .. 73 121; 11(4 12',
221* 7 N YChl&StLouis- 3 107, 10 l(p,
38V* 12*4 N Y Chi & StL pf_ 2 161* 16"; 16", - V,
26'* 18 NYC Omnibus_ 3 21*4 21', 2114 - H
2*4 1(4 N Y N H & H (r) ._ 3 1** 1** 1"* - 14
61, 2*4 N Y N H & H pf (r). 1 3'4 3(, 3(4 - 14
10", 4** N Y Shipbuilding 3 7V» 7 7V4 + (4
1(4 (4 Norfolk & South(r). 1 "4 *4 “4
10(4 5V4 Nor Am Aviation _. 84 9 8L» 9 + 14
22 13*4 North Am Co (.30#). 21 16*4 15** 16*4+14
64(4 45** Nor Am pf (8)_ 1 60 49** 60
18H 6H Nor Pacific--17 7(4 7H 7V* . _
A
2:30 p.m.
HUh. Low. Dividend Rate. Add 00. High. Low. Close, ehge.
Ptev. 3938 Stock and Sale'— Net
14% 10 Ohio OH (lg) _ 8 12% 12% 12% - *»
32% 20% Oliver Farm Equip. 7 25 24 25 + *■»
12% 7% Omnibus Corp __ 1 9% 9% 9% — %
24% 13% Otis Elevator .15#.. 5 20% 20% 20%—%
12 fi% Otis Steal __ 5 8% 8% 8%—%
66% 40 Owans-111 G1 ,25a... 8 50 47% 50
14% 9% Pac Finance (.30e)_ 2 10% 10% 10% — %
28% 22% Pac Gas & El <2»_ 6 25% 25 25 — %
40 32% Pao Lighting (3)_ 3 35% 35% 35%-%
16% 9% Pacific Mills ... 1 12% 12 J2 —1
15% 10% Pao West'n Oil .T5g. 3 11% 11% 11%—%
5% 3% Packard Motor _ 12 4% 4% 4%
55% 27% Panhandle pf (r)... 10s 32% 32% 32% -2%
12% 5% Paramount __ 54 8 7% 7% — V*
12% 6% Param't 2d pf (.60). 3 9 8% 9 — %
37% 31% Tarke Davis (.One). 2 34% 34 34% — %
20% 13 Parker Rust (1.60). 4 17 17 17 -1
2% 1% Parmelee Tran_ 12 2 2
6% 3% PatheFilm _ 2 5 4% 5
12% 8% Patino Mines_ 2 9% 9% 0% — Vi
5%. 4 Peerless Corp _ 2 5 5 5
73% 55 Penney (JC) (le) . 10 64 62% 62% -2%
5 2% Penn-Dlxle Cement 7 4% 3% 3% + %
15% 10 Penn Glass Sand ot. 1 12 12 12
24% 14% Pennsylvania R R_. 28 16 15% 16
7% 4% Pfeiffer Brew .25e5 7 6% 7 + %
31% 17% Phelps Dodge 10®.. 27 23% 22% 23% - Vi
37% 30 Phila Co 6% pf(3)_. 2 34 33% 34
95% 75% Philip Morris 6.25e. 8 88% 87% 88% + %
50% 46 Phillips Jones pf 10s 42 42 42 —4
42%. 27% Phillips Petrolm(2) 12 34% 33% 34% - %
8% 5 Pitts Screw_ 6 6% 6% 6% — %
16% 7% Pitts Steel _ 2 9% 9 9 -1
46 20% Pitts Steel pf . 20s 24% 24 24 —1
12 7 ritts Term Coal pf. lf's 7% 7 7% + %
16% 6 Pitts&VV Va _ 70s 9 8%. 9 + %
20 15 Plymouth Oil 1.40 . 2 18% 18% 18% — %
12 5% Poor & Co B .. 3 7 % 7% 7% — %
4% 1% Postal T it C pf (r). 1 2% 2% 2%
10% 4 % Pressed Stl Car \ 10 7% 6% 7
lo% 4% Press St C lstpf .25 1 7 7 7 — % j
31% 13% Press St C 2d pf 2V4 2 21 20 21
50% 39% Proctor * Gam 12). 11 48% 48 48%+ %
121 117 Procter & G Pf (5).. 10s 118% 11 8% 11 8% - %
35% 25 Pub SVC N J 12 60). 9 27 26% 27 — «„ !
98% 86% Pub Svc N J pf (5). 1 87 87 87 -1 i
113 132 Pub Svc N J pf (R). 20s 135 135 155 -2
36% 21% Pullman Co (.375e). 10 27% 26% 27 —1
13% 8% Pure Oil .. 17 10% 10% 10%
» 1 Purity Bak (.15e)._ 2 8'.- 8% 8%
7% 4'*i Radio Corp 48 fi', fi t\
53 37% Radio cv pf (31,4 ) . fi 46 45% 45% -1%
5 h 2% Radio-Keith-Or tr). 8 3 2% 2% — % i
23% 17% Rayhest-Man 37’4_ 1 19 19 19
29% IS Rayonier pf (2)_ 1 21 21 21 4 1
22 12% Reading Co (2) __ 2 15 15 15 f %
15% 9% Rem Rand .60a 1_ 2 11% 11% 11%
3 1%. Reo Motor _ 3 2 2 2
20% 11% Republic Steel_ 8l 1 1% 13% 14%
75% 39%. Rep Steel cv pf _ 3 53% 53% 53 , —1",
17%- 7% Revere Copper . 4 11% 11 11% — %j
17% 10% Reynolds Met 1 15e) 3 13% 13%. 13%. — », ;
10’. 4% Reynolds Spring _ 8 fi', fi fi . — 1, I
4fi% 33% Reyn Tnb(B)1.80e . 7 38%. 38% 38% * % ]
7% 5 Richfield Oil_ 7 6% 5% 5T, — % ■
23% 13 Rube root Co ___ 1 18% 18% 18%
23% 12 Safeway Stores 25e 5 lfi% lfi ir, , _ 1,
105 79 Safeway Sts pf (7) 10s 81 81 81 — %l
40% 25% St Joseph Lead ,25e 11 33% 32 33 -1
1% % SrL-San Fran <r> . 5 % 7, 7,
3 1% Stl.-San Fran pf(r) 1 1% 1% 1% _ 1,
19% 8% Savace Arms . _ 1 12% 12%. 12%
27%. 16% Schenlev Dist 50e_. 4 19% 18% 18', — 1,
85 70%, Schenlev pf (5%) - 1 73 73 73 —2
1 % Schulte Ret Strsir) 2 % %, •>, .. 1,
42 34% Scott Paper t.40e).. 4<t= 38 37% 38 -1
7» % Seaboard A L tr)... 5 % % % _ t,
27% 15% Seaboard 011 (1 ) - 10 20 19% 20 — %
65% 47 Sears Roebuck(3a). 39 58 56% 57-., _i
16% 9% Serve! Inc (It JO 12', 12% 12% — %
20% Ri Sharon Steel Corp.. 1 13% 1.3' 1.3' _ i,
5 . 3 Shari, & Pnhme _ 7 4 3% 37, — %
9% fi , Shuttuck FG 10e._. 3 7% 7 , 71, _ l,
18% 10 shell Union Oil — 4 14 13% it — 1.,
9% 4 % Silver King C 35e _ 2 6, 6% 0%
24% 12% Simmons Co 10 17 lfi7. lfi7, _ 1.
3% 2%. Simms Petroleum_ 1 2% 2%. 2%
34% 18%. SkellyOil _ 2 23’-, 25 4 23% — *,
82%, 45 Sloss-Sheftield .... 150s fi!% fil fii —1%
137. 8 . Snider Pkg t.75e) 1 10 10 10 — »4
16 % 10 1 Socony*Vacuum .50 53 13% 13% 13.', — |
3% Uj South Am G&P ,20g 2 2% 2'. 2%
24% 19% Southn Cal Kd 1 %a. 2 20% 20%. 20% - % ;
22 , 9% Southn Pacific _ 22 11% 10% 10% — %
13% 5% Southn Railway_ fi 7 fi7, fi:, _ a.
21% 8%- Southn Railway pf- 4 10% 10% 10*, -r %
4 2 Sparks Withmpton. 1 2 •» 2% 2s,
24 19 , Spenctr-Kell 1.60 .. 1 19% 19% 19% — %
21% 15% Sperry Corp _ 77 20% 19 20% -1%
15% 7% Spicer Mfg Co_ 1 9% 9% 9% — a,
39 29 Spicer pf A (3)_ 20s 31 34 34
11% 6% Spiegel. Inc . 15 7% 7%. 7 % _ %
9% 6% Stand Brands 35e _ 9 7% 7', 7 .,
3% 1% Stand Com Tob <r>. 30 1% 1%.
5% 2 Stand Gat A- 111 tr>- > 3% 3% 3% — 1,
11% 4%Stan4 ti&H pf trl 11 6% 6 fi _ i,
22% 10% Std GA E Sfi prpf(r) 2 13% 13% 13 , T 1,
2fi , 13 Std GA-E $7 pr pf (r) 7 17', 16 17
33% 2.5 , Stand Oil Calif (la) 9 30 29% 29% -t- %
35% 24'* Stand Oil lnd (1) „ 12 31 30% 31 — %
54% 39 I Stand Oil N J (la).. 23 47% 46', 47% -t- %
59% 49 Sterling Prod 3.S'1 . 1 5- , 581, 58% -,
11% 6% Stew-W arner 1 50a) 2 8% 8 8', -- 1,
11', 5% Stone & W ebster_ 24 7% 7% 7 % -j- v,
7', 3% Studebaker _ 22 5% 4% 5%
57% 45 Sun Oil (la) . 2 49 49 49
14% 9% Sunshine Min .60e). 3 11% 11% n_ t,
29', 17% Superheater .375e) - 2 22 21% 22 -1
3% 1% Superior Oil .. 2 2%, 2% 2%
9 7 Sweets of America. 1 7% 7% 7% _ t
18% 15 Swift & Co (1.20) .. 2 lfi', 16% 16% _ s.
2:30 p.m.
Prev 1038 Stock end Sales— Net
High. Low. ' Dividend Rate. Add 00. High. Low. Close, chte.
10'4 4% Symington ww.25». 4 6% 6% 6% — V*
8V« 4 Symington xw .25*. 4 BVi BVi 5% — %
7 fi Talcott LT) ,30e_ IB 6 6 + %
BVi 4% Telautograph .60-„ 1 4% 4% 4% — %
8 3% TennCorp _ 2 6% 6% 6% — %
44% 32% TexCorp (2)_ 40 38% 37 38%-%
4% 2% Tex Gulf Prod__ 4 3% 3% .3%
34 26 Tex Gulf Sul .50e_ 3 30% 30% 30% - Vi
24% 13 Tex & Pac RR_ 1 15 15 15 -2
10% 7 Ter Pac C&O 4.40)_ 5 8% 8% 8% - %
11% 6%TexFacLdTr_ 11 8% 8% 8% - %
4% 2% Thermoid _ S 3% 3% 3% — %
15% 8% Thompson Prod_ 3 11 10% 11
3% 1% Thompsnn-Starrett. 2 2*4 2% 2%
15% 10% Tide-WaterOtl (1). 6 13V* 13 13%-%
85 77% Tide-W A O pf 4.50. 3 78 77% 77% - %
13% 8 Timken-Detroit 3 9% 9% 9% — % 1
48% 31% Timken Roll B 25e. 4 37% 37 37 —IV* !
12% 8 Transamerlra .75 6 10 10 10 — % i
7% 4 Transcontl ffn Air. 2 5% 5% 5% + %)
9% 4% Transue & Willms . l 6% 6% 6% -1% \
4% 2% Tri-Continent .. 28 3% 3 3 — % !
6% 3% Truax-Traer (.80).. 2 4% 4% 4% — %
24 16% 20th Cent Fox ,50e.. 5 21% 20% 20% -1
6 2% Twin City Rap T_ 2 4 3% 3% — V« '
44 16 Twin City pf_ 10a 30% 30% 30%
10% 6 Twin Coach _ 7 7 7 7
59% 41 Undwood-E-F (le). 3 49% 48% 49 -1
12% 7% Un Bag&Pap ,12%e. 5 10 10 10 -%|
80 57 Un Carb (1.60e) . 44 66% 65 66% - %i
21% 17% Un OH of Cal (1.20). 5 20% 19% 19% - %
8H% 55% Un Pacific (3e) _ 2 60% 6o 60% — %
81 60 Un Pacific pf (4) 2 60 59% 60
23% 20 Un Tank Car (1.60). 1 20% 20% 20%+%
27% 19% Unit Aircraft ...... 142 27% 25% 27% +1%
8% 5 Unit Air Line* _ 13 7% 7 7% — %
19% 14% Unit Biscuit (40e)_. 3 17 16% 16%-%
49% 39 Unit Carbon (4)_ 3 45% 44% 44% -1%
3% 2 UnitCorp 23 2% 2% 2% + %
32% 22% Unit Corp'n pf (3).. 8 25 24', 25 +%
7% 4% Unit Drug 1 5% 5% 5% — %
9% 4% Uniied Dyewood_ 1 6% 6% 6%
6% 3 Unit Electric Coal_ 1 4% 4% 4% — %
65% 50 United Fruit (3) ._ 4 58% 57', 58%+ %
11% 8% Unit Gas imp (1) .. 14 9% 9% 9% — %
5% 3 United Paperboard. 2 4% 4 % 4% — %
7% 3% U S Distributing pf 30s 7 6 7 -t- %
■ 8% 4% U S * Foreign Sec.. i 6% 6% 6%. — %
• 73% 55 US Gypsum (2) ... 2 6.4 68 68 —]
25 i 13% II R Indus Alcohol.. 4 16% 16 16%. — ",
6% 3% II S Leather _ 2 4% 4% 4% — ",
10% 5% li R Leather (A)_ 1 7% 7% 7%
22 21% U S Pipe* Fy (2).. 6 28% 27% 28%+%
6% 2% II R Realty & Imp.. 9 4% 4% 4 % + %
35% 21 U S Rubber .. 101 26% 25% 26% %
81 45% II R Rubber 1st pf . 25 67 64% 67 -1
71 44% 1" R Smelt * R Lie). 2 55 54% 55 -2%
62% 38 U R Steel (new) 205 46 41% 46 — %
114% 95 II S Steel pf (7)_ 2 100 100 100 -2
34 , 29% U S Tobacco ... . 3 32 31% 31% -1%
5 3% Unit Stockyds (.50) 1 4% 4% 4%.
2% 1% Unit Stores (A) .. 1 1% 1% 1% — %
1% % Util Pwr & Lt (r)_ 3 % % %
1 . \ndsco Sales_ 1 % % %
2li . 11'.. Vanadium 15 15% 15 15% — ", ;
23% 14% Van Raalte (.BOe) _ 2 19 19 19 — •%
14 14 Victor C'hPin (.2<ie). 1 14% 14% 14% — %
5% 2 , Va-Caro Chemical.. 4 3*4 3% 3%.%- %
32% 15% Va-Caro Chem pf 4 20% 20 20% — 1% :
110% 105 Va Elec&Pwr pt46) 100s 107% 107% 107% —1%
. 2% 1 Wabash (r) 3 1% 1% 1% — %
20% 15% Walgreen (,75e> . 1 16% 16% 16% — i,
19% IS Walker (H) pf (1).. 1 18% 18%. 18%
8% 4% Walworth Co _ 13 6% 6% 6% — %
7% .3% Warner Bros Piet 2 4 5% 5 5% — %
4" 20 Warner Rros Pic pf 50s 28% 28% 29% —1%
4 % 1% Wa rren Rros i r) _ 31 2% 2%. 2% — %
24 16% Warren Ky & P <»). 1 22 22 22 — «,
17% 11 Waukesha Mot (1). 1 13% 13% 13% — %
29% 17 Wayne Pump <2) _. 2 23'* 23% 23%. — %
35% 25 , Wesson O&S 1.25e . 1 29% 29% 29', — %
19 13 Westn Aut Sup 1.60 1 17 17 17
4% 2% Westn Maryland _ 1 .3% 3% 3%
2s% 16%. Westn Union Teles 12 23% 22% 23 — %
27%. 15% Westhse Air Br (1) 4 21% 21 21% — %
109% 61% Westhse El&M Me) 74 74% 71% 74% — ",
27 20 Wrstvaco Chi pf 1 % 1 23 23 23 - %
27% 11%. Wheeling Steel _ 8 18% 17', 18 -1
13% b% White Motor _ 6 8% 8% 8%
3 1% White Sew Mach_ 2 1% 1'. 1% — %
2% 1% Wilcox Oil & Gas_ 1 2% 2% 2% — %
3 2 Willys-Overland_ 1 2% 2% 2%
6% 4% Wtllis-Over pf .60.. 7 5% 4% 4% — %
5% 3 Wilson* Co _ 17 4% 4 4 —
60% 32 Wilson pf 2.25k_ 1 38% 38% 38% —1%
19 » 10% Woodward Iron_ 1 13% 13% 13% — %
43% 36 Woolworth (2.40) . 22 42% 41% 42 %
2" 11% Worthington Pump 2 15 14% 15 — %
35% 27 Worth P pr pf 4.50.. 1 32% 32% 32% +2S
46 28% Worth Pcvpf 4.50.. 1 35% 35% 35% +2
94 55% Wright Aero ...... 300s 87 79 87 +6%
69 61% Wrigley (3a i ... 1 68 68 68 - %
28 20 , Yale&Towne 60 . 1 28% 28% 28% — %
15% 8% Yellow Truck _ 39 12% 11% 12%
19% 9’, Young Sprg& Wire.. 3 14% 13'. 13% -1%
43% 24 Ygstwn Sheet & T . 40 32% 31% 32% - %
22% 11% Ygstwn Stl Dr ,25e. 12 14% 13% 14%+ %
17% 9 Zenith Radio . 5 11*, 11% 11%
Approximate Sales of Stocks on the N. Y. Stock Exchange
11:00 A.M-22O.U0O 12:00 Noon_ 340.000
1:00 P.M. _ 460.000 2:00 P.M _ 580.000
s Aetna! sales; ur.:‘ ol trading 10 .shares
x Ex dividend, xr Ex rights, a Also extra or extra', b 1 -10
.'hare o! -: preference stock, d 1-35 share of $3 preference
stock, e Declared or paid so far this year, f Payable m stock,
g Paid last year, h Cash or stock, k Accumulated dividend paid
or declared this year.
r In bankruptcy nr receivership or being reorganized under
Bankruptcy Act. or securities assumed by such companies.
Ra’es of dividends In the foregoing table are annual dis
bursements based on the la'- quarterly or semi-annual declara
tion. Unless otherwise noted special or extra dividends are not
included.
FIRST BOSTON CORP.
BUYS ROANOKE BONDS
By the Associated Press.
ROANOKE. Va„ April 20— Sale of
a $3,000,000 issue of water works bonds
was made by the city of Roanoke
yesterday to the first Boston Corp.
: of New York. Alternate bids were
submitted by five syndicates and the
I one selected made the issue subject
! to a discount of $34,505. and gave the
! 30-year bonds a constant interest rate
of 2% per cent. The effective rate
of interest, taking the discount into
consideration, was 2.78833 over the
life of the bonds.
Proceeds from the bonds will be
used to purchase the Roanoke Water
Works System. A condemnation com
mission valued the system at $4,523.
437, which the company has agreed
to accept provided the city adds
$76,563 for abandonment of all ex
ceptions and the right of appeal. The
money must be paid into court on or
before April 30. the city to take over
after that date.
After the bonds were sold, City
Manager W. P. Hunter announced
that C. E. Moore, manager of the
Roanoke Water Works Co., will be
retained as manager for the city.
-.
U.S. RUBBER HANDS
DAVIS LONG TENURE
- •
Stockholders Approve Contract
for $150,000 Annual Salary and
Pension Agreement.
By the Associated Press.
JERSEY CITY. April 20.—Francis
B. Davis, jr.. president of United
States Rubber Co. since 1929, virtually ,
had the rest of his life's work laid
out for him today by the company's
stockholders.
Davis is 54 years old. The stock
holders, at the annual meeting, ap
proved a contract whereby he remains
as chairman and president of the
company for six years at an annual
salary of $150,000.
The contract, retroactive to Janu
ary 1, last, is renewable at the com
pany's option from January 1, 1944,
to January 1, 1949. Upon his retire
ment, the contract provides for an
annual pension of $75,000, in return
for which Davis will continue to serve
the company in an advisory capacity.
For his part. Davis waives all par
ticipation in the company's profit
sharing plan in the future. Under
the terms of the old contract Davis
would have received $225,000 this year
in salary and stock compensation.
—--•
JOINS M.-K.-T. BOARD.
NEW YORK, April 20 (A>).—Ken
neth J. Hanau, executive vice presi
dent of the Wagner Baking Corp., was
elected a director of the Missouri
Kansas-Texas Railroad yesterday to
fill a vacancy. Other officers were re
elected.
DOUGLAS ELECTED
BY NATIONAL LIFE
Former Director of Budget Fills
Place on the Board of
Directors.
MONTPELIER, Vt„ April 20 —
Lewis Williams Douglas, former direc
tor of the budget of .the United States,
and, at the present time, principal
and vice cnancel
lor of McGill Un
iversity. yesterday
was elected at a
special meeting
of policyholders
as the director to
fill a vacancy on
the board of di
rectors of the
National Life In
surance Co., left
by the death of
Charles P. Smith
of Burlington.
M r. Douglas
will be 44 years i
of age on July 2.
Mr. Douglas.
He graduated from Amherst College
in 1916: spent the next year in spe
cial study at the Massachusetts Insti
tute of Technology, and after a few
years’ service as instructor of history
at Amherst College interested himself
in mining in Arizona and citrus ranch- |
ing in Salt River Valley, Ariz., which
interests he has maintained f<3r nearly
20 years.
He represented the State of Ari- |
zona in the Seventieth to Seventy- i
third Congresses, being a member of
the House at the same time that El- ■
bert S. Brigham, now president of the \
National Life Insurance Co., was a j
Representative from eVrmont. Mr. 1
Douglas resigned from Congress March !
4, 1933, to become director of the Bu- j
reau of the Budget, but he resigned I
that post August 31, 1934. Hf has been |
a trustee of Amherst College since 1935, !
After resigning as director of the Bu- j
reau of the Budget he has been a vice j
president and member of the Ameri- j
can Cyanimid Co.
-•
FOREIGN MARKETS.
LONDON. April *!0 rTV—-Profit-taking
was noticeable throughout the stock mar
ket, today and prices moved irreeularlv
Fresh buying was restricted by the ap
proaching end of the account and a
^ars of increased taxes un
settled several groups, especially llouors
and tobaccos. British funds, rubber
shares and industrials sold lower and
domestic rails were ouiet pending traffic
refPrilM TJ?P and mining issues also
s°ln off Foreign bonds were mixed.
PARIS >/P).—The Bourse closed with a
heavy tone and price changes in the
international group were mixed. Rentes
and banking shares were weak and the
industrial section also finished considerably
lower. Royal Dutch lost francs.
LIVERPOOL i TV—Wheat futures eased ;
near the close under heavy realizing and j
lower. Buenos Aires prices and were un
changed to 3*d net lower. Prices ad
vanced early in the day on a better de
mand for Australian wheat.
Cotton futures declined in sympathy
with lower overseas markets and finished
~ to ft points down. Bombay selling. May
iiauidation and hedging were also factors.
—.— •
LONDON DISCOUNT RATES.
LONDON. April 50 (A*.—Money por
cent. Discount rates: Short and 3-month
bills. A Mr cent.
4.
CONSOLIDATED TEXTILE
ORGANIZATION FAVORED
By the Associated Press.
NEW YORK. April 20.—Federal
Judge Henry W. Goddard indicated
yesterday he would approve the pro
posed amended plan of reorganization
for the Consolidated Textile Corp.
which received the approval several
week ago of Peter B Olney, jr., Fed
eral bankruptcy referee.
Mr. Olney heard proceedings in the
case more than two years.
Judge Goddard said the success of
the plan depended entirely upon the
early return of normal business con
ditions in the textile industry.
The corporation, which has plants
in Raleigh, Burlington and Shelby,
N. C ; Lynchburg, Va.: Pelham and
Lafayette. Ga : Henderson, Ky., and
North Adams. Mass., would start
operations, if the plan is approved,
with current assets of Si.044.165.
against current liabilities of $493,933.
Total assets are $5,171,186. being
$94,654 in excess of the stated book
liabilities.
INSURANCE STOCKS
NEW YORK. April 20.—
« _ Bid. Asked.
Aetna Cas <3a* _ 7n
Aetna Ins <1 HO) 4I’2 43%
Aetna Life <la* . •••" , •\p4
Am Equit <1) _ jY*% •* i %
Am Ins Nwk P2a> _ lo>4 ip,
Am Reins <l.oo> _ 27 % *'s%
Am Reserve * 1 a » 2114 *’0%
Am Surety < 212) __ ;{7’4 *V*%
Automobile < 1 a > 25*4 :»6%
Balt Amer ( 2<*a) 5 Y
Carolina < 1.3m __ m% j * 4
City of N Y <1 201 i ,V 17
Conn Gen Lif * 8<>) •>•»% •».»
Contin Cas <l 20* . __ 24% 20%
Fid A Dep da* pn !*}
Firemens Nwk (.30) _ 7 s%
Frank Fire <la> *.’2 23%
Gen Reinsur <2> . * 20% 21 •1,
Glen Falls *1 Hot 36% ;i«’4 !
Globe A Rep <%) _ in% 1 ■;!4
Globe A- Rut 18%
Great Amer < 1 a) 21% 22% ;
Hanover <1.60* _ 20* a 28
Hartford Fire *2) 64% 60%
Home Fire Sec _ 1% 2%
Home Ins <!?) _ 24'4 25%
Homestead (1 » ...... 11% 13%
Knickerbocker (.80) . _ 0% 11%
Lincoln Fire . 1% 2%
Maryland Cas ...... 2 4
Mass Bond (3%) __ .4<> 4212
Merc Ins Pr * 22) _ 4 6
Natl Fire <2> _ ft'.’ 54
Natl Liberty < 20a* _6% 7%
N Hampshire <1.60) _ 37% 30%
N Y Fire (.80a* _ 13% 14%
Nor River <1) .. 22 241a
Phoenix (2a> 65* 7 1
Prov Wash *1) __ 28% 20'4
Revere <P» In (1.20a) ... 17*2 1<»
Rh Isl Ins (.40) _ 4 5
Rossia Ins _ _ 4 ’a 5'2
St Paul Fire <6* . •_ 175 182
Sprinsfipld <4%a) _ 104% 1 iiT1 a
Sun Life <15* _ 405 455
Travelers <16) _ 385 305
U S Fire <2* _ 43% 4.5%
U S Fid A* G .. . IP* 12%
Westchester (1.20a) 26% 27%
a—Also extra or extras.
TJ. S. TREASURY NOTES.
NEW YORK. AdtII CO i/pi.—Prices
quoted in dollars and thirty-seconds.
Approx.
Pet. Month Year. Bid. Asked, yield.
2% June. 15*38 . 101.13 101.13
2% Sept.. 15*38 _ 101.25 101.27
I % Dec.. 15*38 . 101.4 101.6
Pa Mar.. 15*35*_ 101.13 101.15
2% June. 1035* _ 102.14 102.16
1% Sept.. 15*20 _ 101.27 101.20 .01
1% Dec . 1030 _101.20 101.31 .18
1% Mar.. 1040 _101.13 101.15 .32
112 June. 1040 _ 102.10 102.12 .30
1% Dec.. 1040 _102.11 102.13 .58
1 'a Mar . 1041_102.11 102.13 .66
1% June. 104 1_ 102.1 102.3 .7 0
1% Pec.. 1041_ 101.27 101.30 .71
1% Mar.. 1042 _ 103.14 103.16 .81
2 Sep.. 1042 _ 104.22 104.24 .00
1*4 Dec- 1942_ 103.23 103.23 .92
iJk A
Aviation Shares Assist in
Stiffening Prices, but
Most Lows Hold.
Stock Averages
30 IB IB BO
Indust. Rails Util. Sties.
Net change.—1.5 —.1 —.2 —.9
Today ,noon 56 4 13 8 28.5 38.5
Ptpv day... 57.9 13 9 28 7 39 4
Month ago. 57.0 13 8 28.1 38 8
Year ago... 96 8 47 2 46 0 71 6
1938 high... 68 2 21.6 34.9 47 9
1938 low_ 49.2 12.1 24 9 33.7
1937 high...101.6 49.5 54.0 75.3
1937 low_ 57.7 19.0 31.6 41.7
1932 low_ 17.5 8 7 23 9 16.9
1929 hlgh...l46.9 153.9 184.3 157.7
1927 low_ 51.6 95.3 61.8 61.8
(Compiled by the Associated Press.)
By VICTOR El BANK.
Associated Press Financial Writs*.
NEW YORK, April 20—Offerings
ebbed to a mere trickle In the stock
market today after leading industrial
shares had yielded 1 to more than 3
points of the April recovery' gains.
Led by aviations, the market stif
fened a bit near the final hour as tlv
earlier selling dried up. But most
issues remained around the lows of
the sell-off.
Transactions approximated 700,000
shares.
"Inflation'' sentiment whipped up by
the recent disclosure of President
Roosevelt's spending-lending plans
seemed to have subsided, for the mo
ment anyway. Selling encountered
poor support for industrial shares
which led the rally.
Among the lasers were TJ. S. Steel,
Bethlehem. Anaconda Copper. Ameri
can Smelting. American Can, Du Pont.
General Electric. Wooiworth, Srais
Roebuck. International Harvester.
Texas Corp.. Allied Chemical. Wr-t
inghouse Electric, International Nickel
and Chrysler.
Most corporate bonds retreated with
stocks and major commodities, spurred
lari week by the spending proposals m
Washington, generally set a narrow,
uneven course.
Reports a British group was en rou'e
to the United States to inquire into
possible aircraft purchases here helped
turn the spotlight on aviation shares
again At one time Douglas. Bering
and United Aircraft were up fractions
to about a point in contrast with the
losses in most issues.
Analysts held the market, on tech
nical grounds alone, was entitled to
come down from last week's rally tops,
considering the extent of the' April
recovery- and short-covering by bears.
Demand for United States Govern
ment issues in the bond market was
the chief reminder in the market
place of the hundreds of millions of
dollars in extra bank funds added
to the potential credit supply under
the administration's new recovery pro
gram.
However, analysts cautioned stock
market traders months may pass be
fore the pressure of the huge total
of idle bank rredit and expanded
pump-priming expenditures for public
works and loans might be felt widely
in leading industries.
Also calling for caution among 1
inflation-minded speculators, brokers
said, was the possibility of more con
gressional opposition to the spending
proposals than had been indicated at
first.
Slow progress of the revised tax bill
in the Senate-House conference drew
unfavorable comment from financial
quarters.
CHICAGO GRAIN
CHICAGO. April 20.—Stimulated by
North American export purchases cf
750.000 bushels. Chicago wheat prices
averaged higher today.
Foreign advices reported that If dry
weather were prolonged in Italv. a
severe rrop failure might result. ’
Despite corn export sales of 1.000.0C0
bushel corn futures lagged.
At the close Chicago wheat, futures
were unchanged to ", higher com
pared with yesterday's finish. May.
84-84 ,: July. 82’4-3g: corn un
changed to !8 lower; May. 59b,: July,
61'2. and oats also unchanged to
'a off.
Futures Table
WHEAT— Open. Huh. tew close
May »i' „ *, ’
Juiv «•;>; :»!■'. sr,
SeP __ .s.a .sc,’. s-'-.
CORN— ' ' 4 ' ' *
p ----- :8?i: 3?S; •??;;
OATS— -
May , "Q3.
July
S^P’
SOY BEANS—
July :i.k .:!« J in’,
%yE_
May .nit’. .«ai.
July .*•( •' ^ .80“ * ,8ft’*
Sept - 5S 4 ..is’ a
LARD—
May 8 ;:m 8 c m
July s i: > .in s in
S^pt 8 T.i 8 :.i S •••*
Of*. 8.7,5 8.80 8 75 8 80
RELI.IES—
May in in
July . .... _ 10:5
Cash Wheat.
Cash whpa* No. 5 red :n No 3 mixed.
81’« corn No i mixpd mi!4 No ■ ve -
in* 81-01 >4 No 58.!112 No whi’».
an'4- i oa ts. No i whi'e No
no ryp har ry, sale*. ii.i-80. f**pd.
4‘.’-no nominal: maltine. 88-8H nominal,
timothy sppd. •: 5n.;n rrd clover. 30.0n
35.0U: sw ept clover. O.no-Hum
NEW YORK COTTON
By *hc Associated Press.
NEW YORK. April 20—Cotton
moved over a narrow range in quiet
trading today. The undertone held
steady on local and New Orleans
buying.
July sold up from 8 83 to 8.93 and
in midafternoon the market was 2
to 4 points net higher.
The Census Bureau reported todav flax
seed crushed durinc the quarter ending
March 31 totaled 180.918 tons, compared
with 228.904 in the corresponding Quarter
a year aco. Iunseed oil produced totaled
12o.587.390 pounds, compared with 156
87 7.263.
Stocks of flaxseed at mills March 31
totaled 59.97! tons, compared with 85.340
a year ago Stocks of linseed oil were 184 -
165.644 pounds, compared with 93.395,673
a year ago.
New Orltana Cotton.
NEW ORLEANS. Anril 20 T —Cotton
followed a narrow and erratic tiend here
today and traders were disposed ’o hold
off commitments pending further develop
ments in Washington.
In afternoon trading Mav contracts sold
at 8.99. July. 9.02: October. 9.11 and
December. 9 13. one to three points abo\«
the previous close.
Exports today were 11 10.3 bales.
. —■ ' •
CUBA SHIPS LESS SUGAR.
NEW YORK, April 20 (4>).—Cuban
sugar exports from January 1 to
April 16 totaled 771,599 long^ tons,
raw value, a decrease of 7.8 per cent
from 836.946 tons in the like period
last year, Lamborn & Co. reported.
Allied Mills, Inc.—Common shard
earnings, 12 months ended March 31,
were $1.03, against $2.70
k w

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